WiseTech shares rise after Richard White resigns as executive chair amid police investigation

Rise in share price adds nearly $1bn to tech giant's market value while White continues on as a board director and chief innovation officer

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Richard White has resigned as executive chair of WiseTech, the Australian tech company he co-founded, denying allegations he exploited a worker's financial and visa status for sex.

White will stay on as a board director and chief innovation officer, with Raelene Murphy replacing him as chair, the company announced on Tuesday.